| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Al Moammar Information Systems Company (MIS) dated 07/05/1447H, corresponding to 29/10/2025G, regarding the approval of its Board of Directors to acquire a 15% stake in the insurance platform “Eltizam”, with a total value of SAR 19,500,000. The Company is pleased to announce the latest developments represented by the execution of the investment agreement (Subscription and Purchase Agreement) on 28 January 2026G, corresponding to 09 Sha’ban 1447H, between Eltizam Electronic Insurance Brokerage Company and Al Moammar Information Systems Company. |
| Previous Announcement | Announcement by Al Moammar Information Systems Company (MIS) Regarding the Board of Directors’ Approval to Acquire a 15% Stake in “Eltizam” Insurance Platform, with a Total Value of SAR 19,500,000. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-29 Corresponding to 1447-05-07 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | execution of the investment agreement (Subscription and Purchase Agreement) on 28 January 2026G, corresponding to 09 Sha’ban 1447H, between Eltizam Electronic Insurance Brokerage Company and Al Moammar Information Systems Company. |
| Reasons For The Delay on The Date of The Event Previously Announced | not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | not applicable |
| Delay consequences on the Company’s financial results | not applicable |
| Additional Information | The Company will announce any developments or updates in this regard in due course. |
